If you are enjoying a leisurely Sunday and notice an unusual number of Open House signs accompanied by blue balloons, you might wonder what is going on? The National Association of Realtors wants to remind consumers that the Home Buyers Tax Credit will end soon. In order to qualify for the tax credit, buyers must have an offer accepted by the end of April. The closing on the home does not have to occur until June 30, 2010.
So if you are thinking of buying a new home, now would be an excellent time to make your move.
Here is a link to explain the details of the Home Buyers Tax Credit. Most frequently asked questions are addressed here. http://federalhousingtaxcredit.com/faq2.php